View more on these topics

Newcastle launches 20 year fixed rate mortgage

Newcastle Building Society has launched a mortgage with a fixed rate of 5.49 per cent lasting for 20 years.

The fixed rate will run until November 30 2026 and is available direct from Newcastle branches and call centres.

The minimum loan is £15,000 and the maximum is £250,000. It is available up to 90 per cent loan to value and the completion fee is £499.

Early repayment charges vary from 1 per cent to 6 per cent depending upon how close the mortgage is to the end of its term.

Newcastle Building Society AGM marketing and new media Steve Urwin: “This 20-year fixed rate mortgage is the longest fixed rate product Newcastle offers its customers. It is ideal for people who want to fix their mortgage repayments for a substantial period with the additional peace of mind that they will not be affected by any further changes to the Bank of England base rate.”

Recommended

Mystery shocker

Advice: Compliance consultant Adam Samuel says the FSA’s mystery-shopping results underline the fundamental importance of asking the full range of questions for a fact-find and carefully considering the answers to fit the pieces together to make an accurate assessment of understanding clients’ attitudes to risk before giving investment advice

Jagged edge challenge

Briefing from the regulator poses the question of justifying costs for separating Mifid and non-Mifid business

The changing world of professional connections

The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment